Train manufacturer China CNR Corp has chosen China International Capital Corp, Macquarie Group Ltd and UBS AG for its share offering in Hong Kong, according to sources interviewed by Bloomberg.
Deals
Visually closes Series A with $8.1M in round led by Crosslink Ventures
Visual content marketplace Visually said it closed its Series A funding round with $8.1 million. The round was led by Crosslink Ventures and joined in by other investors.
ff Venture Capital secures $52M across two funds with one to invest in New York firms
New York, US-based institutional investor ff Venture Capital (ffVC) closed a total of $52 million for two funds, ff Rose and ff Rose Innovate, with the latter to focus on investments in New York.
Semiconductor firm SuVolta Inc secures $10.6M
SuVolta Inc, a semiconductor company based in Silicon Valley, has nabbed funding amounting to $10.6 million from Fujitsu Semiconductor Limited, Kleiner Perkins Caufield & Byers, August Capital, New Enterprise Associates, Northgate Capital and DAG Ventures.
Russia's Sistema mulls buying stake in Lattelecom
Russia-based holding company AFK Sistema is considering buying a stake in Latvia-based telecommunications operator Lattelecom SIA to facilitate its expansion outside of Russia, but no decision has been made yet.
Latest News
China-based food and beverage manufacturer Bright Food (Group) Co Ltd agreed to buy Australia-based dairy firm Mundella Foods through its Australian subsidiary, Manassen Foods, for an undisclosed amount.
Emerging markets fund manager Mark Mobius is still betting heavily on Thailand, despite his Asia fund's largest decline in more than a decade, according to reports.
Social media giant Facebook acquired New York, US-based social conversations platform Branch Media in a deal reportedly worth $15 million to form a Facebook Conversations group.
Argentina-based investment group Corporacion America reached an agreement to buy the stake of entrepreneur Eike Batista in SIX Semicondutores, a Brazil-based billion-dollar semiconductor project, for an undisclosed sum.
The Government Accountability Office said the spinoff of SAIC Inc invalidated the health services contract awarded to it by the National Aeronautics Space Administration, Bloomberg reported.
Maersk Oil, a unit of Denmark-based oil and shipping magnate AP Moller-Maersk, received approval from the Iraqi government to purchase stakes in two exploration blocks from Spanish firm Repsol Oriente Medio for an undisclosed sum.
Charter Communications Inc has made a formal offer for the third time to acquire Time Warner Cable but the bid was rejected. The company now intends to take the offer straight to the shareholders of Time Warner Cable, Reuters reported.
California, US-based call marketing company Invoca raised $20 million in a Series C funding round led by Accel Partners for its workforce expansion and product development.
Institutional investors contributed $216.56 billion to US private equity funds last year, a sign of their renewed confidence in the asset class, a report from Private Equity Beat of The Wall Street Journal Blogs said.
